Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 1-Year High – Time to Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $79.96 and last traded at $79.78, with a volume of 1427414 shares trading hands. The stock had previously closed at $79.86.

Invesco S&P 500 Quality ETF Trading Down 1.9%

The stock has a market cap of $16.08 billion, a PE ratio of 25.36 and a beta of 0.92. The business has a 50-day moving average price of $76.85 and a 200 day moving average price of $74.38.

Institutional Trading of Invesco S&P 500 Quality ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 4.5% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock valued at $238,000 after purchasing an additional 136 shares during the period. Verum Partners LLC grew its position in Invesco S&P 500 Quality ETF by 0.3% during the fourth quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock valued at $3,772,000 after acquiring an additional 141 shares during the last quarter. Latitude Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 3.0% during the fourth quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock worth $379,000 after acquiring an additional 148 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after acquiring an additional 151 shares during the last quarter. Finally, Bogart Wealth LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 19.2% in the 2nd quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock worth $69,000 after acquiring an additional 155 shares during the last quarter.

Invesco S&P 500 Quality ETF Company Profile

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.